GREY:NMKEF - Post by User
Comment by
Starsearcher80on Nov 25, 2019 10:50am
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Post# 30389232
RE:Something positive hitting the market
RE:Something positive hitting the marketTo my knowledge there is no onsite material development that would or could cause this kind of sudden interest. If I had to guess, I would say a possible buyout. The price is certainly beaten down, and given that their deposit is world-class, this would make sense.
If this is what may be in the works, I would say current new shareholders at current levels are going to be very happy. To the long suffering longs, you'll at least recover a fair bit of losses over the past year.
Odds of being bought out? As the trades go through today, I would say that there is a reasonably high probability that this may in fact be in the works.
We'll see what comes, but the sudden trading activity and large share purchases are certainly telling.